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May 20, 2012
05/12
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but people look at the question of greece. they are heading in that direction because of the spending. it is out because of those issues that we are heading in the direction of -- not because of those issues that we are heading in the direction of greece. the inability of leadership to address problems that are well known and right in front of them -- the gridlock you see any greece is also the political gridlock we have in the united states, and to try to put this on the face of obama is ludicrous. we know what has happened, and the republicans are never going to agree to anything that will allow a compromise. >> democrats had control of the house, senate, the presidency for two years, did nothing on entitlements -- >> how can you -- >> nothing on tax reform to that is killing us economically and destroying our treasury. unless you get leadership on that, you get nowhere. >> the structure of the republican party cannot get anything done. >> the republicans run on the paul ryan budget, they would be committing an act of politi
but people look at the question of greece. they are heading in that direction because of the spending. it is out because of those issues that we are heading in the direction of -- not because of those issues that we are heading in the direction of greece. the inability of leadership to address problems that are well known and right in front of them -- the gridlock you see any greece is also the political gridlock we have in the united states, and to try to put this on the face of obama is...
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Feb 15, 2012
02/12
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CSPAN3
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we're not greece yet. >> we're not going to be greece. this budget achieves a sustainable level of debt as a
we're not greece yet. >> we're not going to be greece. this budget achieves a sustainable level of debt as a
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May 13, 2012
05/12
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WJLA
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. >> hear you see it the only good news that came out of greece this week. the actress is ghlighting the relate torch for t the olympics. colby, the rest of the news from greece and europe is lousy. >> lousy, and cocomparable to what we went through in the 1980's with the debt crisis. they have the same problem and they got to at the same way. they have the clout to make deloping countries do the austerity they have e to. there is nobody to forcrce greece or ireland to be able to drink that medicine. >> france's predent is a man who led the socialist party for years. is he for r or against us? >> he is a master of mern western democracies were they don't st your proems and postpone the day of judgment. when iss the euro going to collapse? it is like watching a car wreck play out in slw-motion. >> what will it do to us, nina? >> if it collapses, and could hurt us severely and result in obama not being reelected. but you do have to moderate austerity witith some idea of how people live. >> elilies in europe and the united states, present company excluded or 10
. >> hear you see it the only good news that came out of greece this week. the actress is ghlighting the relate torch for t the olympics. colby, the rest of the news from greece and europe is lousy. >> lousy, and cocomparable to what we went through in the 1980's with the debt crisis. they have the same problem and they got to at the same way. they have the clout to make deloping countries do the austerity they have e to. there is nobody to forcrce greece or ireland to be able to...
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Dec 14, 2012
12/12
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KRCB
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calling it a big success for greece and a big success for europe. investors are still uncertain about the global economic taken to stabilize the euros zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central bank as well as the central banks of canada, britain and switzerland. the leaders agreed to extend the foreign currency liquidity swap by one year. the arrangement was set to expire next february. the bank of japan whether to join the plan at the policy meeting next week. it was introduced last november when commercial banks had trouble getting money from the markets due to the european credit concerns. the bank leaders say their decision shows they're taking all possible measures to ease global financial strains. >>> more business headlines for you next hour. here's a check on markets. >>> north korea's state-run media say the co
calling it a big success for greece and a big success for europe. investors are still uncertain about the global economic taken to stabilize the euros zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central bank as well as the central banks of canada, britain and switzerland....
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May 13, 2012
05/12
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CNBC
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now greece is saying we're not following this austerity rule. you've got france we're going do our own thing. we're raising taxes to 83%. we don't want this as well. these austerity -- so are we actually seeing enough division that you'll see the rur yo break up and does that impact the u.s.? >> that's a key question. i basically think we are. i think what europe's got is they get very different economies locked together in a monetary union. if you want to hold that together, somebody's either got to subsidize -- the rich guys got to subsidize the poor guys on a permanent basis or the poor guys have got to grind down their wages an really suffer it out for 5 or 10 years to try to do the equivalent after devaluation. i think both sides of that seem pretty iftyif tt tty to me. >> do you think we've hit a soft patch in the recovery? >> a bit. i wouldn't say soft patch like it might be a double dip but i think for sure the growth rate slowed down. i wish i hadn't been prescient on the jobs numbers because i was pessimistic and those ended up being r
now greece is saying we're not following this austerity rule. you've got france we're going do our own thing. we're raising taxes to 83%. we don't want this as well. these austerity -- so are we actually seeing enough division that you'll see the rur yo break up and does that impact the u.s.? >> that's a key question. i basically think we are. i think what europe's got is they get very different economies locked together in a monetary union. if you want to hold that together, somebody's...
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Feb 21, 2012
02/12
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KCSMMHZ
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the additional cuts are because greece's fiscal health has worsened more than expected. another measure the ministers agreed on was for a mechanism to ensure greece follows through on the promised fiscal reports. steps to be taken include increased monitoring of the country's fiscal health as well as the joint management of bailout funds with the eu instead of giving the funds directly to the greek government. >>> japan and australia have held their first meeting in -- japan should join the talks on the transpacific partnership free trade agreement. government officials from the two countries met on tuesday. australian officials say they welcome the start of japan's consultations for joining the talks. they stopped short of expressing support for japan actually participating in the free trade negotiations. the principal of the agreement is that all goods are tariff free including farm products. the two sides agreed to continue discussion on. six out of nine countries in the negotiations have so far expressed support for japan's participation. denmark's trade minister has
the additional cuts are because greece's fiscal health has worsened more than expected. another measure the ministers agreed on was for a mechanism to ensure greece follows through on the promised fiscal reports. steps to be taken include increased monitoring of the country's fiscal health as well as the joint management of bailout funds with the eu instead of giving the funds directly to the greek government. >>> japan and australia have held their first meeting in -- japan should...
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Jun 15, 2012
06/12
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>>> all eyes on greece. key election looms and european leaders urge greeks to vote in favor of the eurozone and tough austerity measures. people in greece are facing a difficult decision this weekend, and that decision will have an impact on the debt-ridden country's future, the future of the eurozone, and the stability of global markets. greeks vote sunday in their second parliamentary election in six weeks, it essentially boils down to two choices and two visions. leftist leader alexis teprus wants to scrap a $130 billion euro bailout deal greek officials signed with the european union. he's opposed to the strict austerity measures the agreement imposes on his country. debt reduction measures that include pay and pension cuts. he insists he isn't aiming to pull greece out of the eurozone. his main opponent is antonis samaras, the leader of the new conservative democracy party. he wants to stick to the bailout deal but wants to renegotiate some conditions. other leaders in europe support that position. the
>>> all eyes on greece. key election looms and european leaders urge greeks to vote in favor of the eurozone and tough austerity measures. people in greece are facing a difficult decision this weekend, and that decision will have an impact on the debt-ridden country's future, the future of the eurozone, and the stability of global markets. greeks vote sunday in their second parliamentary election in six weeks, it essentially boils down to two choices and two visions. leftist leader...
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May 19, 2012
05/12
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WETA
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people look at the question of greece, saying we are heading in the direction of greece because of the spending and deficit overload. it is not because of those issues. the problems we are witnessing an greece, we are witnessing in the united states, the inability of leadership to address problems that are well known and right in front of them. the gridlock you see any greece is also up with what we have in the united states, and to try to put this on the face of all, is ludicrous. -- of obama is ludicrous. we know what is happening could the republicans will never agree to anything that would allow a compromise -- >> the democrats the house, senate, and the presidency for two years -- >> how can you -- >> nothing on tax reform, and that is what is killing us economically and destroying our treasury. unless you get leadership on that, you go nowhere. >> with the structure of the republican party, you cannot get anything done. >> if the republicans run on the paul ryan budget in 2012, they are committing an act political self-immolation. >> georgetown university, kathleen sebelius and t
people look at the question of greece, saying we are heading in the direction of greece because of the spending and deficit overload. it is not because of those issues. the problems we are witnessing an greece, we are witnessing in the united states, the inability of leadership to address problems that are well known and right in front of them. the gridlock you see any greece is also up with what we have in the united states, and to try to put this on the face of all, is ludicrous. -- of obama...
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greece has given its financial backers something of an early christmas present by buying back a chunk of its debt from them however when they take the wrapping paper off that gift they might find it's a little less which they ask for as part of a buyback scheme which so i think buy back its own problems at around thirty four percent of their original value recording to the french finance minister but that should be enough in order to see them receive the next round of bailout money that the country's been crying out for in fact they've been waiting for that cash since june the international monetary fund how to expected greece to be able to get its debt situation down to one hundred and twenty four percent overall economic output by twenty twenty really does not seem likely right now this is because the i.m.f. to say well we won't be lending any more money to any countries that can't pay back their debts however there is a dangerous precedent with this in terms of greece been able to return the money of course private investors private creditors greece well a lot of banks and a lot of
greece has given its financial backers something of an early christmas present by buying back a chunk of its debt from them however when they take the wrapping paper off that gift they might find it's a little less which they ask for as part of a buyback scheme which so i think buy back its own problems at around thirty four percent of their original value recording to the french finance minister but that should be enough in order to see them receive the next round of bailout money that the...
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May 17, 2012
05/12
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KRCB
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a veteran judge will lead greece a vote. the new prime minister of the caretaker government for the next month. then greeks will choose a new government that could affect their place in europe. greece's highest administrative court swore in the new prime minister. he is expected to work with a small cabinet. the key issue is e awusterity program. the party opposes austerity. it is expected to increase the number of seats in parliament. the democracy party came out on top. scrapping the austerity package to bring greece out of the eu. there is no way of changing the terms of the bailout. >> the commitments taken by greece and all of the member states should be kept not because european union or euro area wishes it to be like that but because there is no other alternative that has less pain and less difficulties. >> barroso says they must implement the package of tax increases and spending cuts. he asked to consider the impact of the elections on the other countries in the eurozone. >>> eurozone leaders have en shinfor austeri
a veteran judge will lead greece a vote. the new prime minister of the caretaker government for the next month. then greeks will choose a new government that could affect their place in europe. greece's highest administrative court swore in the new prime minister. he is expected to work with a small cabinet. the key issue is e awusterity program. the party opposes austerity. it is expected to increase the number of seats in parliament. the democracy party came out on top. scrapping the...
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Feb 16, 2012
02/12
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KCSMMHZ
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. >> anger in greece. athens' approach is criticized. >> in syria, the regime of bashar assad continues its violent onslaught on the opposition. ♪ >> we began with breaking news. a major development in the scandal surrounding german president christian wulff. >> prosecutors are petitioning the parliament to lift his immunity. >> the move could pave the way to an investigation into the president's financial dealings. he has been under fire over his failure to disclose a private home loan from a wealthy businessman's wife and his attempt to block a newspaper from reporting on it. he has also been criticized for accepting free vacations from friends. the president insists that he has not broken any laws. all right, let's go to our political correspondent terry martin. this is a huge announcement. what has prompted prosecutors to go to parliament and ask for the president to be stripped of his protection? >> as you mentioned, the allegations that christian wulff had been involved in, all sorts of dubious dea
. >> anger in greece. athens' approach is criticized. >> in syria, the regime of bashar assad continues its violent onslaught on the opposition. ♪ >> we began with breaking news. a major development in the scandal surrounding german president christian wulff. >> prosecutors are petitioning the parliament to lift his immunity. >> the move could pave the way to an investigation into the president's financial dealings. he has been under fire over his failure to...
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impacts on russia's future so you greece must. now take a look at some other stories from around the world injured has set a date for the first presidential elections the country will see since the ousting of hosni mubarak last year lamb our polls are scheduled to begin on may the twenty third if no one manages to secure the majority vote a runoff will be held in june with a final results announced at the end of the month egypt's military took power from the top of president last february but their popularity has dramatically declined since their. first one tower high value prisoner where the alleged links to nine eleven mastermind has pleaded guilty to terrorism charges. he was reportedly in exchange for his sentence being reduced to twenty five years the pakistani national is now expected to testify against his fellow prisoners can has been in u.s. custody since two thousand and three and claims he has been psychologically tortured during his detention. north korea's state news agency announced the yang has agreed to a nuclear m
impacts on russia's future so you greece must. now take a look at some other stories from around the world injured has set a date for the first presidential elections the country will see since the ousting of hosni mubarak last year lamb our polls are scheduled to begin on may the twenty third if no one manages to secure the majority vote a runoff will be held in june with a final results announced at the end of the month egypt's military took power from the top of president last february but...
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May 13, 2012
05/12
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WJLA
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whether it's back in greece or in spain or next in portugal or wherever. i think given the structure of the eurozone as it is, they're going to have a hard time getting out of that. for the most part that's only bad news for the u.s. economy. it's clear they're in a deep recession over there, a credit crunch a lot like what we went through in 2008-09. they're not going to be buying as much exports from the u.s. it's also clearly having some uncertainty and freaking people out a little bit in the markets here. and the one thing we don't know is, as things get hairier over there, does that lead tonight to safety? and in a weird way have at least some positive impact on institutions in the u.s.? or does it just freak people out in general and they start pulling their money out from everywhere? >> do you think the euro does break up at this point? i'm struck by the fact that for so long, all of these countries were defending the euro, were unified, were going to hold this together. now you've got greece saying, we're not following this austerity rule, you've g
whether it's back in greece or in spain or next in portugal or wherever. i think given the structure of the eurozone as it is, they're going to have a hard time getting out of that. for the most part that's only bad news for the u.s. economy. it's clear they're in a deep recession over there, a credit crunch a lot like what we went through in 2008-09. they're not going to be buying as much exports from the u.s. it's also clearly having some uncertainty and freaking people out a little bit in...
WHUT (Howard University Television)
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May 8, 2012
05/12
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WHUT
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we can do lots to assist greece. we are doing so. our member states and taxpayers and other european member states of the euro area are providing this solidarity. >> eu leaders say they will continue to offer emergency financing but say greeks must follow through on commitments to push through reforms. >>> the u.s. and chinese defense cheap say they'll cooperate on cybersecurity an area of confliction in the past. they met at the pentagon on monday. they say working together on cyber-issues and promoting military exchanges are necessary to insure both countries safety. >> we believe our military to military dialogue is critical to insuring that we avoid dangerous misunderstandings and misperceptions that could lead to crisis. >> the agreement to cybersecurity marks a step in a new direction for the two nations. washington has in the past accused china of being the primary source of attacks on u.s. targets. >>> human rights in china are again in the spotlight. the latest incident sentence on activest chen geng cheng. he escape d and i
we can do lots to assist greece. we are doing so. our member states and taxpayers and other european member states of the euro area are providing this solidarity. >> eu leaders say they will continue to offer emergency financing but say greeks must follow through on commitments to push through reforms. >>> the u.s. and chinese defense cheap say they'll cooperate on cybersecurity an area of confliction in the past. they met at the pentagon on monday. they say working together on...
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Dec 2, 2012
12/12
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KPIX
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we're becoming greece because of out-of-control entitlement spending. there's no age adjustment for medicare and social security. there is no means testing, of in the president's plan. we should do what ronald reagan and tip o'neill did, adjust the age for retirements, a means test benefit, do it together, and republicans should put revenues on the table and the president's plan does nothing but damn us to becomeag greece. >> schieffer: let us shift to the whole situation of the episode that happened in benghazi, that's been kind of in turmoil. what happened? how was it that an american ambassador and three other mers died there? susan rice, who many think the president was nominating to be secretary of state, was back up on capitol hill during the week. did she help or hurt her case? >> well, apparently, according to the senators she met, she didn't do herself much good. but let's just say this about benghazi-- it's just not about susan rice. it's about a system that failed. the military failed. the intelligence community failed. before and during. thi
we're becoming greece because of out-of-control entitlement spending. there's no age adjustment for medicare and social security. there is no means testing, of in the president's plan. we should do what ronald reagan and tip o'neill did, adjust the age for retirements, a means test benefit, do it together, and republicans should put revenues on the table and the president's plan does nothing but damn us to becomeag greece. >> schieffer: let us shift to the whole situation of the episode...
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Dec 19, 2012
12/12
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KRCB
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s&p raised greece's credit rating on tuesday from selective default to b-minus. the new rating is still low and not suited to investment, but s&p officials say the outlook is stable. the greek government bought back sovereign bonds from commercial banks and the private sector earlier this month at prices lower than the face value. s&p officials praised the euro zone members' decision to provide greece with financial support. they say the upgrade reflects s&p's view that greece's neighbors are serious about keeping the country in the eurozone. >>> back here in japan the trade deficit came to about $11.3 billion in november, posting a red for a fifth month in a row. finance ministry officials say the figure is a record high for november. that's the third highest level since comparable records became available back in 1979. exports fell by 4.1% from a year earlier in yen terms. exports have fallen six months in a row. ships and autos led the drop. meanwhile, imports rose by .8% from a year earlier. that was due mainly to increases in telecom equipment and liquefied
s&p raised greece's credit rating on tuesday from selective default to b-minus. the new rating is still low and not suited to investment, but s&p officials say the outlook is stable. the greek government bought back sovereign bonds from commercial banks and the private sector earlier this month at prices lower than the face value. s&p officials praised the euro zone members' decision to provide greece with financial support. they say the upgrade reflects s&p's view that greece's...
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Dec 13, 2012
12/12
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greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion of more than 43 billion euros in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current production target of 30 million barrels a day. they say supply is sufficient and prices are appropriate for the moment. prices in new york of benchmark crude futures have been relatively stable since the summer at just around $85 a barrel. this is against a background of slower economic recovery. opec expects demand for crude to rise as the dploe ball economy picks up. some analysts say opec could consider cutting output. here is a check on markets. >>> nhk special
greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion of more than 43 billion euros in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general...
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May 16, 2012
05/12
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KRCB
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no comparable quarter-to-quarter is available for greece. in contrast germany's economy bounced back to expand 5%. brisk expt growth held the region'sconomic powerhouse. the latest gdp numbers show that germany's economic strength helped bolster the performance of the region as a whole. at the same time they highlighted the growing disparities among the eurozone economies. >>> now, the u.s. treasury secretary applauded the region's efforts. what was he trying to say there? >> he was specifically referring to the region's shift from tough austerity measures to a focus on growth. by the region's leaders. u.s. treasury sretaimothy geithner said europe is making progress in dealing with the debt crisis. >> the greeks have a particular challenge. i think it's a welcomed debate. they have a stronger set of tools to manage the crisis now in place. that allows them to shift the focus for more growth. >> geithner said in a speech in washington on tuesday that europe is taking measures to restore fiscal stainability at a steady pace. he also menoned t
no comparable quarter-to-quarter is available for greece. in contrast germany's economy bounced back to expand 5%. brisk expt growth held the region'sconomic powerhouse. the latest gdp numbers show that germany's economic strength helped bolster the performance of the region as a whole. at the same time they highlighted the growing disparities among the eurozone economies. >>> now, the u.s. treasury secretary applauded the region's efforts. what was he trying to say there? >> he...
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and what they're doing to europe and in particular greece at the behest of global banks toure's at the i.m.s. was tyler durden portrayed by brad pitt in the movie it would say it's only after europe has lost everything the banks toure's can profit off anything we're seeing in europe now is the tape out of a small but important part of a con of the continent's economy through forced austerity and big news in the financial rags today from the financial times to the wall street journal is the collapse seen parts of the european economy. for the first time since two thousand and nine the seventeen nation euro zone economy contract and shrinking three tenths of a percent the last quarter of two thousand and eleven one more quarter a negative growth and europe will officially be in a recession and looking at individual nations you can see why the british economy shrank by two tenths of a percent the fourth quarter of the weight of austerity measures from conservative prime minister david cameron who proudly proclaimed that europe has entered the quote age of austerity quote portugal's econom
and what they're doing to europe and in particular greece at the behest of global banks toure's at the i.m.s. was tyler durden portrayed by brad pitt in the movie it would say it's only after europe has lost everything the banks toure's can profit off anything we're seeing in europe now is the tape out of a small but important part of a con of the continent's economy through forced austerity and big news in the financial rags today from the financial times to the wall street journal is the...
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Jun 8, 2012
06/12
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MSNBC
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plus greece really needs to get its act together. come on, guys. i'm not sure how much more of this we can watch. greek politicians now brawling on morning television, taking swings at women. tell you what's going on here a little bit later in the snow. first let's get to the news live at 5:30 a.m. here at 30 rock in new york city. another day of brutal killing of civilians in syria and another round of condemnations from a united nations that can only condemn. with the reported massacre of another 80 civilians this week, international envoy kofi annan is warning of an all-out civil war there. we'll have a live report in just a moment from nbc's amon mohadine but first a look at the latest on the ground from syria and some of the images in the report are graphic. >> lying for the world to see, the victims of what amateur video appears to show as a massacre in the village of kobair and surrounding areas. among the dead, women and children, even entire families were killed. we reached a human rights activist in syria in contact with eyewitnesses. the
plus greece really needs to get its act together. come on, guys. i'm not sure how much more of this we can watch. greek politicians now brawling on morning television, taking swings at women. tell you what's going on here a little bit later in the snow. first let's get to the news live at 5:30 a.m. here at 30 rock in new york city. another day of brutal killing of civilians in syria and another round of condemnations from a united nations that can only condemn. with the reported massacre of...
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Feb 15, 2012
02/12
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more austerity for greece. european foreign minister cancel talks over concerns over its austerity plan. >> en masse the security crackdown in bahrain. -- a massive security crackdown in bahrain. as north korea marked the birthday of its former leader, how is the new one getting on? broadcasting to yours on broadcast in america and around the world, welcome to "newsday ." >> president obama held talks at the white house with demand expected to become china's next leader, xi jinping. and vicecurrent fine pres president hoped the visit would strengthen ties, but relations are strained over trade, currency, and human rights. ♪ >> a ceremony a welcome at the pentagon today for china's leader in waiting. xi jinping is known to be a fan of hollywood war films. but so much else about him is unknown. in the oval office on valentine's day, a first date, a chance to see how he feels about iran, syria, and a growing u.s. presence in asia. >> the united states is a pacific nation. and we are very interested and very focu
more austerity for greece. european foreign minister cancel talks over concerns over its austerity plan. >> en masse the security crackdown in bahrain. -- a massive security crackdown in bahrain. as north korea marked the birthday of its former leader, how is the new one getting on? broadcasting to yours on broadcast in america and around the world, welcome to "newsday ." >> president obama held talks at the white house with demand expected to become china's next leader,...
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Nov 8, 2012
11/12
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KQED
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elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. after all many investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new york stock exchange is a good barometer for the worrywarts out there. wall street veteran teddy weissberg says many investors are just plain upset. >> there was an expectation that we would have some change and a change in the policies. and, i think with obama getting re-elected there are a lot of folks that are not hap
elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. after all many investors...
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in greece, a caretaker government cabinet was sworn in on thursday. council of state head panagiotis pikrammenos took his oath as temporary prime minister. the caretaker cabinet is tasked with holding repeat elections on june 1th, the country's austerity program is the main focus. >>> the radical left coalition opposes austerity measures and finished second in the last election. the latest poll in may found the party just a few percentage points behind the conservative new democracy party, which supports austerity measures. public approval ratings for the two parties are both over 20%. >>> all right, that is the latest from business for this hour. i'll leave you with the market figures. >>> china and north korea are caught up in a rare public spat. the authorities in the north seized the vessels last week. chinese media say a north korean gun boat captured the ships on may 8th in the yellow sea. the boats came from dalian in northeastern china. the reports say officials in the north are demanding money for the release of the 29 crew members. chinese f
in greece, a caretaker government cabinet was sworn in on thursday. council of state head panagiotis pikrammenos took his oath as temporary prime minister. the caretaker cabinet is tasked with holding repeat elections on june 1th, the country's austerity program is the main focus. >>> the radical left coalition opposes austerity measures and finished second in the last election. the latest poll in may found the party just a few percentage points behind the conservative new democracy...
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in two thousand one greece didn't meet either requirement so how do they get into the e.u. well they called the banks toure's over goldman sachs and said hey kalpa south goldman loaned them a billion dollars. here's billion dollars guys and then they took three hundred million dollars in fees and backloaded future payments to sir likely just more rate mortgages that they are giving people the united states exploding mortgages greece signed off on this by giving goldman stuff like future airport and lottery income their times reported back in february two thousand and ten when this loan came to light in two thousand and one just after greece was admitted to the europe's monetary union goldman help the government quietly borrow billions people familiar with the transactions in that deal hidden from public view because it was treated as a currency trade rather than a loan helped athens to meet europe's deficit rules while continuing to spend beyond its means as b.b.c. investigative journalist greg palast told us here on this program breach exploded people should know that it w
in two thousand one greece didn't meet either requirement so how do they get into the e.u. well they called the banks toure's over goldman sachs and said hey kalpa south goldman loaned them a billion dollars. here's billion dollars guys and then they took three hundred million dollars in fees and backloaded future payments to sir likely just more rate mortgages that they are giving people the united states exploding mortgages greece signed off on this by giving goldman stuff like future airport...
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the most bankrupt thing in greece is not the country it's the political class and. simply the current top dog bankrupted over the last greek there's three words in the economic crisis which are use most commonly austerity just trying to reform growth if you simply take the rhetoric of the policies look at the facts and you can actually translate the language into what it actually means so i stared congressman i just want. exploitation and growth means profits they undermine labor the. social security card health care spending cut all social spending in general. public sector privatized the economy privatizing infrastructure privatized the water the electricity so that foreign corporations to come in and buy everything up and this is all so that they can get a bailout which the money simply goes to the banks just the interest on the loans to the banks the euro zone debt shock waves buffeting birth in britain and there is no if all that the u.k. should look east for success more on that in today's cars a report later this hour on our. apple lazy britain fellow tories
the most bankrupt thing in greece is not the country it's the political class and. simply the current top dog bankrupted over the last greek there's three words in the economic crisis which are use most commonly austerity just trying to reform growth if you simply take the rhetoric of the policies look at the facts and you can actually translate the language into what it actually means so i stared congressman i just want. exploitation and growth means profits they undermine labor the. social...
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a nation with a lot of resources it is for example greece and chinese are making huge investments in greece's main port iris qatar's investing five billion dollars in tourism an infrastructure there is selling off their country wealthy germans and scandinavians want to make greece the florida of europe was article about this new york times over the weekend greek there turning greek islands that used to be the property of the government of the people into expensive retirement homes for wealthy europeans now that the economy has collapsed it's a fire sale for that country if you take down the government space is created so that corporations and very wealthy individuals can step in this is a piece from russia's russell short post piece in the new york times he said whether or not the country pays its debts other nations and foreign companies now understand the greek government is how are of this so the future they'll take over buyable assets and run parts of the country by themselves this isn't just happening in greece and other cash strapped nations are going to be following suit and t
a nation with a lot of resources it is for example greece and chinese are making huge investments in greece's main port iris qatar's investing five billion dollars in tourism an infrastructure there is selling off their country wealthy germans and scandinavians want to make greece the florida of europe was article about this new york times over the weekend greek there turning greek islands that used to be the property of the government of the people into expensive retirement homes for wealthy...
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to tell us more about that will greece given that problems in the country it's hardly a surprise that we're hearing that but there's also another factor and that's because the greek prime minister has said that a third player out could not be rolled out along the completely opposite side the french market is the best performing so far today and talking about france the french apprise the has announced that the country's budget deficit is equal to five point two percent of g.d.p. in two thousand and eleven and that was lower than the government's initial target the plan is now to cut the deficit to four and a half percent of g.d.p. for two thousand and twelve all right let's take a look at the international markets will stop of the year banks are in the gains there with added over one percent resource firms are also doing quite well and that's on the back of rising commodity prices footsie as we can see there is up a third of a percent small the dax is gaining three quarters of a percent so right let's move on to russia a similar picture here as well both the markets are in the black t
to tell us more about that will greece given that problems in the country it's hardly a surprise that we're hearing that but there's also another factor and that's because the greek prime minister has said that a third player out could not be rolled out along the completely opposite side the french market is the best performing so far today and talking about france the french apprise the has announced that the country's budget deficit is equal to five point two percent of g.d.p. in two thousand...
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is leaving because of greece not because of the euro i don't think the markets would but i. will stay with us here at r.t. still to come this hour giving up ofter going for the good life we why mexican immigrants illegal immigrants choosing to leave the u.s. and what it could mean for the country's economy. but first syria's government is releasing names of alleged foreign terrorists it claims to have captured on its soil twenty said to be arabs who have confessed to working for al qaida the list also includes french and british citizens meanwhile washington denies being indirectly involved in smuggling arms to syrian rebels media sources that said the u.s. is coordinating support through qatar and saudi arabia rebels admit getting more weapons but have a leadership crisis to contend with the turkey base syrian national council been disavowed by the coordinate opposition coordination committees in syria the head of the s.n.c. says he's stepping down anti-war activists brian becker from the answer coalition says foreign powers are targeting damascus for regime change. sony ar
is leaving because of greece not because of the euro i don't think the markets would but i. will stay with us here at r.t. still to come this hour giving up ofter going for the good life we why mexican immigrants illegal immigrants choosing to leave the u.s. and what it could mean for the country's economy. but first syria's government is releasing names of alleged foreign terrorists it claims to have captured on its soil twenty said to be arabs who have confessed to working for al qaida the...
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that was after another bailout for greece was approved. the new pressure attempts to stop nations from breaching the limit of budget deficits of 3% of gross domestic product. it will apply to countries receiving eu financial aid. the measure means governments will be required to submit draft boughts to e, before they are approved. they will screen the budgets and can request revisions. they hope to reduce regulations in june after winning approval from european parliament. >>> tokyo markets are up. south korea also just opened. let's look at that. >>> more business news next hour. >>> pakistan's foreign minister is on a mission to repair ties with the u.s. there's own talk of a meeting thursday with secretary of state hillary clinton. u.s. forces mistakenly killed pakistani soldiers in november in air strikes on the border with afghanistan. the repercussions of that attack are still felt throughout the region. >> reporter: it was the worst setback for relations between the two allies. on november 26th, u.s. fighter jets and helicopters sta
that was after another bailout for greece was approved. the new pressure attempts to stop nations from breaching the limit of budget deficits of 3% of gross domestic product. it will apply to countries receiving eu financial aid. the measure means governments will be required to submit draft boughts to e, before they are approved. they will screen the budgets and can request revisions. they hope to reduce regulations in june after winning approval from european parliament. >>> tokyo...
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if no deal is reached, greece could default. the proposal was met with strong opposition. >>> switching gears, here in japan, recent jobs data showed unemployment rate in december worsened from the previous month. the internal affairs ministry says the seasonally adjusted jobless rate 4.6%, up 0.1 percentage point from november. the number of unemployed 2.75 million, while people with jobs stood at a little over 62 million. separately, the labor ministry says job availability in december rose. there were 71 positions available for every 100 job seekers. the labor ministry says the job market is showing signs of improvement, but it calls for a close watch over the effects of the strong yen on unemployment. >>> over on wall street, the markets closed slightly lower, recovering earlier losses on some bargain hunting. worries on greek debt talks continue to weigh down sentiment. let's see how the markets are opening here. for that, we go to ramin mellegard at the tokyo stock exchange. ramin, a lot for investors to focus on with jobs
if no deal is reached, greece could default. the proposal was met with strong opposition. >>> switching gears, here in japan, recent jobs data showed unemployment rate in december worsened from the previous month. the internal affairs ministry says the seasonally adjusted jobless rate 4.6%, up 0.1 percentage point from november. the number of unemployed 2.75 million, while people with jobs stood at a little over 62 million. separately, the labor ministry says job availability in...
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and cash rich berlin expected to back a new rescue deal for greece despite unease it won't be enough to save athens and worries that spain set the follow suit. five pm in moscow i met good to have you with us here on r t our top story a plot to kill vladimir putin after next sunday's presidential vote has been for oil in a joint sting between ukraine and russia three suspects arrested earlier this month for a bomb plot confessed to planning the assassination one of them reportedly made contact with terror operatives while living in london or going off as more. buddah posing as press secretary confirmed to r t that the invents did take place however he restrained from commenting any further meanwhile channel one has shown the video of the two suspects describing how he prepared for this assassination one of them said that it was actually ordered by interest will cool one off but this information is still has to be confirmed since the investigation is still ongoing he also said that three people in this group three month they studied at the root ball for putin's motorcade. bodyguards t
and cash rich berlin expected to back a new rescue deal for greece despite unease it won't be enough to save athens and worries that spain set the follow suit. five pm in moscow i met good to have you with us here on r t our top story a plot to kill vladimir putin after next sunday's presidential vote has been for oil in a joint sting between ukraine and russia three suspects arrested earlier this month for a bomb plot confessed to planning the assassination one of them reportedly made contact...
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they plan to assess however greece has progressed in implementing belt tightening measures. these were conditions to receive the additional bailout. measures include reforming the labor market and health insurance system. >>> the south korea kospi is also openity level. let's check those levels. and that is the latest in business. >>> almost a year after the accident, the situation at the fukushima daiichi nuclear power plant remains serious. earlier this week, journalists were allowed in the plant first time since it was brought to a state of cold shut down. in today's "nuclear watch," we bring updates from the site. >> reporter: journalists were given a one-hour tour of the plant. the bus drove on a road parallel to the coastline. on the right are the turbine buildings for reactors 1 through 4. the radiation level was 300 micro seefrts per hour. then 300 near the number three building. here, reporters were allowed to get off the bus. >> translator: i'm standing on a hill 300 meters south of the number four reactor building. radiation level here is 50 microsieverts per hour
they plan to assess however greece has progressed in implementing belt tightening measures. these were conditions to receive the additional bailout. measures include reforming the labor market and health insurance system. >>> the south korea kospi is also openity level. let's check those levels. and that is the latest in business. >>> almost a year after the accident, the situation at the fukushima daiichi nuclear power plant remains serious. earlier this week, journalists...
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we've got intractable headlines coming out from greece. at the same time, you have this focus on where we are with growth. you don't have the leadership economically perhaps from the eu and now you have europe going into real estacession. at the same time, in sprain you have them releasing the new bank plan which might entail the spanish government borrowing more more or they may not. you have all of these things lining up and aspiring people to sell what didn't matter yesterday because we've rallied in europe from suddenly from nowhere to where we have a rough session. >> that was my question, bob pisani. what was different from yesterday? we knew the personalities coming into power in both greece and france and what they are likely to do about austerity measures. >> to argue that they should get out of -- lead the euro or argue that we should get rid of the fiscal compact that was agreed upon, it's another thing when this man is in charge of the mandate and of the government there to argue for that. >> that is a little bit different. >>
we've got intractable headlines coming out from greece. at the same time, you have this focus on where we are with growth. you don't have the leadership economically perhaps from the eu and now you have europe going into real estacession. at the same time, in sprain you have them releasing the new bank plan which might entail the spanish government borrowing more more or they may not. you have all of these things lining up and aspiring people to sell what didn't matter yesterday because we've...
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came out through those are to decide whether greece should get more time to sort out its bailout reforms while in germany chancellor merkel's allies say leaving the euro would be no big deal. u.s. special troops are on standby to go into syria following president obama's warning of authorizing intervention if there are signs damascus is moving its chemical arcs . and despite america's countdown to pull out from afghanistan there's a warning that washington is fueling insurgency following a deadly wave of insider attacks against western troops. hello and welcome to our team karen tara broadcasting to you live from our studio in moscow well it's crunch time for greece germany and france prepared to decide whether to grant athens the breathing space it says it means to sort its finances out the country has been relying on international loans for over two years but it's struggling to meet its bailout conditions meanwhile angle of merkel's allies in berlin say a greek exit one have a great impact on the euro zone peter oliver is there for r.t. the two have differing opinions over how the debt
came out through those are to decide whether greece should get more time to sort out its bailout reforms while in germany chancellor merkel's allies say leaving the euro would be no big deal. u.s. special troops are on standby to go into syria following president obama's warning of authorizing intervention if there are signs damascus is moving its chemical arcs . and despite america's countdown to pull out from afghanistan there's a warning that washington is fueling insurgency following a...
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britain greece skips its latest installment of bailout funds needed to keep the economy afloat in exchange for a debt by about scheme which many see as counterproductive. and. watchdog resumed talks with iran we look at why many iranians consider quire of energy is not just a matter of necessity but of national pride. welcome to r.t. world news around the clock kerry just ukrainian journalists kidnapped by syrian rebels faces execution on thursday that's a fifty million dollar ransom is paid. had been working in syria during the conflict helping international media including r.t. european federation of journalists has strongly condemned the targeting reporters making outrageous demands a middle east correspondent for the smear is following developments. the journalist and her coach never was taken hostage in october and no hones the free syrian army has held her for nearly two months they've accused her of being both a russian and a syrian spy she has appeared in two you tube videos that were released earlier by the free syrian army and in one of those she appealed to the embassies of ukra
britain greece skips its latest installment of bailout funds needed to keep the economy afloat in exchange for a debt by about scheme which many see as counterproductive. and. watchdog resumed talks with iran we look at why many iranians consider quire of energy is not just a matter of necessity but of national pride. welcome to r.t. world news around the clock kerry just ukrainian journalists kidnapped by syrian rebels faces execution on thursday that's a fifty million dollar ransom is paid....
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we can do lots to assist greece, and we are doing so. our member states, our taxpayers in other european member states of the euro area are providing the solidarity. >> eu leaders say they'll continue it to offer emergency financing, but they say the greeks must follow-through on their commit to push through reforms. >>> german chancellor angela merkel and french protection elect francois hollande inauguration. merkel has ruled out any changes to the treaty. the german leader said she still hopes to establish trust with hollande so they can work together. the leaders have different views of europe's growth strategy. hollande wants to use spending, and merkel wants structural reforms and deregulation of labor markets. ai joins us now. what's the reaction? >> the investors have waited for a long time for the eu to agree on a fiscal treaty. they'll eye the french/german plital relations carefully. u.s. digested the results of europe, the dow ended lower while nasdaq managed a game. for more in tokyo we have ramean melagard from the tokyo st
we can do lots to assist greece, and we are doing so. our member states, our taxpayers in other european member states of the euro area are providing the solidarity. >> eu leaders say they'll continue it to offer emergency financing, but they say the greeks must follow-through on their commit to push through reforms. >>> german chancellor angela merkel and french protection elect francois hollande inauguration. merkel has ruled out any changes to the treaty. the german leader...
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absurd to imagine that greece is going to stay in the euro but the loss of greece to the euro zone at this point would not be a dramatic event for the financial markets it's already been largely free discounted moody's rating agency doesn't believe this thing is going to stick and all very serious money is betting that greece will get will exit and in the end that that would leave the remaining eurozone countries. somewhat more stable than they are right now with greece and what amanda thanks so much political analyst and author of the gods of money and the death of the american century thanks been on the program. thank you but while euro zone leaders are hard at work to ensure greece remains within the euro their attention may soon need to shift to spain the country is feeling the pinch of deep cuts there too in public spending particularly in education and the protesters even this last weekend out on the streets again sarah firth reports from impoverished valencia. if you were a sentiment was riding high off to spain during the year as a back in two thousand and two but a decade on
absurd to imagine that greece is going to stay in the euro but the loss of greece to the euro zone at this point would not be a dramatic event for the financial markets it's already been largely free discounted moody's rating agency doesn't believe this thing is going to stick and all very serious money is betting that greece will get will exit and in the end that that would leave the remaining eurozone countries. somewhat more stable than they are right now with greece and what amanda thanks...